The very first flying car, the 2001 Moller International G90 M400 Skycar is up for sale on eBay. Any collector or museum looking to put this vertical take-off and landing (VTOL) variety flying car on display can bid for it via the public auction.
The car was first flown in a public shareholders meeting in 2001 and since then has been flown under a restricted environment many times. But, one of the conditions of the auctions includes that the flying car cannot be flown as it is not FAA certified. According to the World Heritage Encyclopedia, this “flying car” has only soared through the air while tethered to a crane, hovering about 15 feet above the ground. But according to a statement released by Moller, they are willing to work with the buyer to make make it the world’s first FAA approved VTOL capable flying car.
The engine and airframe technology for this model were developed over a period of 30 years and more than $ 150 million dollars were spent on this prototype. The M400 Skycar will come in its original 2001 flight form and condition, complete with eight Rotapower engines that produce more than 720 hp allowing the M400 Skycar® to take off and land vertically.
The buy now price for this original piece is $ 5,000,000 and the auction closes in 2 days time. After the sale is successfully completed, Moller International will immediately transfer the title to its new owner. Any bidder qualified by eBay is invited to inspect the M400 Skycar during the action and then place a bid.
Currently, the company is working on their advanced, flying saucer like models called the Neuera and Firefly. The company has suffered from financial difficulties and previous prototype auctions and crowdfunding projects met with middling and fruitless results. This auction seems like another attempt to raise money for its other advanced versions.
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Instagram is rolling out two major features in June 2025 that promise to give users unprecedented creative control and privacy: grid rearranging and silent posting. The long-awaited grid rearranging tool allows users to freely drag and drop posts anywhere on their profile grid, breaking away from the traditional chronological order. This means users can now curate their profiles for a more visually appealing or thematic presentation, without the hassle of deleting and reposting content—an update especially welcomed by brands, creators, and anyone meticulous about their digital aesthetic.
In tandem, Instagram is introducing the “Post quietly to profile” feature, which lets users add photos and videos to their grid without notifying followers or pushing the content to their feeds. This silent posting option is ideal for those who want to document moments privately, experiment with new content, or maintain a cohesive grid without spamming their audience. It’s designed to reduce the pressure of public sharing, making Instagram a more comfortable space for personal expression and experimentation.
These updates reflect Instagram’s commitment to user empowerment and flexibility, responding directly to years of feedback. As Instagram head Adam Mosseri stated, the goal is to help users “create and share without added pressure,” giving them more freedom over how their content appears and how they engage with their audience.
Zepto, a leading quick commerce startup, has postponed its planned IPO to early 2026, shifting its focus to achieving profitability and increasing Indian shareholding before going public.
Key Reasons for Delay
Profitability Focus: Zepto aims to reach EBITDA break-even before listing, unlike many tech firms that went public while still loss-making.
Market Uncertainty: Ongoing global and domestic market volatility influenced the decision to wait for more stable conditions.
Peer Comparison: The company wants to present a stronger profit profile, learning from the performance of rivals like Swiggy and Zomato (now Eternal).
Boosting Domestic Shareholding
Target: Zepto plans to raise Indian ownership to at least 51% to comply with FDI norms and reinforce its Indian identity.
Actions: The company is conducting secondary share sales to Indian investors and founders are increasing their stakes by buying from foreign investors.
Progress: Domestic ownership has reached about 40-44%, with expectations to surpass 51% before the IPO.
Financial and Operational Updates
Efficiency Drive: Zepto is optimizing operations, running over 900 dark stores and offering 48,000 SKUs, to reduce cash burn and move toward profitability.
Challenges: The company faces stiff competition from Swiggy Instamart and Blinkit, leading to higher costs, and has dealt with operational pauses and regulatory scrutiny in some regions.
Outlook
Zepto remains positive about its future, aiming to raise around $800 million in its IPO and attract both domestic and international investors. CEO Aadit Palicha emphasizes building a sustainable, majority Indian-owned business before entering the public market.
Summary: Zepto’s IPO delay reflects a strategic focus on financial stability and regulatory compliance, with profitability and Indian ownership at the forefront.
Sandeep Nailwal, co-founder of Polygon, has been appointed as the first CEO of the Polygon Foundation, marking a shift from decentralized governance to focused leadership. This change aims to provide clear direction and accelerate Polygon’s growth in the competitive blockchain space.
Under Nailwal’s leadership, Polygon will discontinue its zkEVM network in 2026 to concentrate on the Polygon PoS chain and AggLayer, a new cross-chain liquidity protocol. Significant upgrades to the Polygon PoS chain are planned, starting with the Bhilai upgrade in July 2025, to enhance transaction capacity and support large-scale financial applications.
Polygon enters this new phase with a strong financial position, enabling long-term development without fundraising pressures. While Nailwal leads the Foundation, Marc Boiron continues as CEO of Polygon Labs. This leadership restructuring aims to drive innovation and reinforce Polygon’s position in Ethereum scaling and the Web3 ecosystem.
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May 25, 2025 at 8:58 pm
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